{"id":580222,"date":"2022-12-14T13:24:29","date_gmt":"2022-12-14T13:24:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=580222"},"modified":"2025-12-16T12:20:58","modified_gmt":"2025-12-16T12:20:58","slug":"lets-go-atlas-lions","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/lets-go-atlas-lions\/","title":{"rendered":"Let\u2019s go, Atlas Lions"},"content":{"rendered":"<section id=\"580224\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"580224\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/\">\r\n                            THIS EVENING: New top rate for income tax coming? + It\u2019s Fed decision day                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: New top rate for income tax coming? + It\u2019s Fed decision day&url=https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/&title=THIS EVENING: New top rate for income tax coming? + It\u2019s Fed decision day\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+New+top+rate+for+income+tax+coming%3F+%2B+It%E2%80%99s+Fed+decision+day+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F12%2F14%2Fthis-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/709.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580225\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/709-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/709.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"709.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/709.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/709.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580224\" class=\"content-area-description single-story post-580224 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-enterprisepm tag-income-tax tag-tax-authority tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, friends, and happy almost-THURSDAY.<\/strong> That end-of-year rush is in full gear here at home and it doesn\u2019t look like it will be letting up for the next few days.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>FinMin proposes new top rate for income tax<\/strong><strong>:<\/strong> The Finance Ministry has submitted amendments to the Income Tax Act that would enforce a 27.5% income tax on individuals earning more than EGP 800k a year, as it looks to alleviate the tax burden of low-income earners, a source with knowledge of the matter told Enterprise. The amendments have been sent to the House of Representatives for discussion, our source told us.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s a toss-up between the ongoing FTX saga and the monetary policy guessing game:<\/strong> Picking up where we left off this morning, the <a href=\"https:\/\/www.ft.com\/content\/b62a2e86-ee61-4c4e-8ce3-418ae216d8a7\">Financial Times<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/ftx-fraud-suits-offer-blueprint-for-pursuing-offshore-crypto-exchanges-11670990401?mod=hp_lead_pos1\">Wall Street Journal<\/a>\u2019s front pages are still focused primarily on the charges brought against FTX\u2019s former CEO, Sam Bankman-Fried. Others in the international business press \u2014 including <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-14\/fed-decision-day-guide-officials-to-downshift-rate-hikes-aim-for-higher-peak?srnd=premium-middle-east\">Bloomberg<\/a> and <a href=\"https:\/\/www.cnbc.com\/2022\/12\/14\/european-central-bank-set-for-50-basis-point-rate-hike.html\">CNBC<\/a> \u2014 are more concerned this afternoon with monetary policy decisions expected to come out of the US Federal Reserve and the European Central Bank. The Fed is broadly expected to soften the pace of its interest rate hikes when it wraps up its Federal Open Market Committee meeting later today \u2014 a policy lead the ECB is expected to follow when it meets tomorrow.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>South Africa\u2019s Vodacom now owns the lion\u2019s share of Vodafone Egypt:<\/strong> Vodafone Group <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a27eb556-facb-488b-909d-51f3ed0dc9b6\">has transferred<\/a> its 55% stake in its Egyptian unit to its South African subsidiary Vodacom in a EUR 2.37 bn cash and stock transaction.<\/li>\n<li><strong>Appetito + Jumlaty tie up:<\/strong> Cairo-based grocery delivery startup Appetito and Saudi Arabia\u2019s Jumlaty <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d09e797-aa17-4236-804a-3eb96374bd7b\">have merged<\/a> to form a new company called Nomu in what they say is a bid to become the region\u2019s leading food-tech supply chain platform.<\/li>\n<li><strong>Agriculture is Egypt\u2019s gold mine, says Cayesh\u2019s Mahmoud Hassan:<\/strong> After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, Cayesh co-founder Mahmoud Hassan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/980cc86d-238c-4c31-b24a-33b6c51a1401\">tells us why<\/a> he thinks agriculture is one of the primary industries where we have a competitive advantage. <\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>PSA- Two days until the e-invoicing deadline:<\/strong> Companies have until Thursday to register with the Tax Authority\u2019s e-invoicing system. Only 150k companies had signed up to the new system ahead of the previous deadline of 15 December, according to the Tax Authority\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b338d2e-7242-4675-8656-d831457321b3\">most recent tally<\/a> at the end of November, which is well below a sought goal of 1 mn companies to register under the system.<\/p>\n<p><strong>REMEMBER- This deadline no longer applies to the self-employed:<\/strong> The Finance Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bf798f1-37dd-4862-b1eb-536f8c97a47f\">pushed the deadline<\/a> for self-employed professionals \u2014 including doctors, pharmacists and lawyers \u2014 to 30 April 2023 after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4811d17-4f27-4d5b-afef-3cbec01f797b\">widespread opposition<\/a> to the system.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 25\u00b0C tomorrow and a nighttime low of 14\u00b0C, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/income-tax\/\">income tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax-authority\/\">Tax Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580226\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"580226\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/580226\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580226\" class=\"content-area-description single-story post-580226 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.mashreqbank.com\/en\/egypt\/personal\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1600-x-768.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580227\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"580227\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">FOR YOUR COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\">\r\n                            How FTX defrauded investors with a small change to its code + Musk dethroned as the world\u2019s richest person                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\" 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decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580228\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/how-ftx-defrauded-investors-with-a-small-change-to-its-code-musk-dethroned-as-the-worlds-richest-person\/711-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"711.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/711.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580227\" class=\"content-area-description single-story post-580227 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-elon-musk tag-enterprisepm tag-for-your-commute tag-ftx tag-sam-bankman-fried wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>A small change to FTX\u2019s code allowed the company to defraud investors: <\/strong>Fallen crypto exchange FTX saw a tweak in its code in 2020 that allowed a hedge fund owned by former CEO and so-called \u201ccrypto king\u201d Sam Bankman-Fried to borrow an unlimited amount of FTX funds, <a href=\"https:\/\/www.reuters.com\/technology\/how-secret-software-change-allowed-ftx-use-client-money-2022-12-13\/\">Reuters<\/a> reports after reviewing the platform\u2019s code base. The code change allowed SBF\u2019s Alameda hedge fund (not to be confused with Alameda Healthcare) to borrow as many funds from FTX as it wants without automatically selling its collateral assets as it does with other customers, giving it a \u201cvirtually unlimited line of credit,\u201d the US Securities and Exchange Commission wrote in its <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2022-219\">complaint<\/a>. The funds were sourced from bank accounts secretly controlled by Alameda that received over USD 8 bn in deposits from FTX clients, the complaint said.<\/p>\n<p><strong>Alameda\u2019s account had other special features that <\/strong><strong>allowed it to book orders a fraction of a second faster than others<\/strong>, which in a \u201chigh-frequency trading sector,\u201d is a significant time advantage, the US Commodity Futures Trading Commission said in its <a href=\"https:\/\/ent.news\/2022\/12\/enfftxtradingcomplaint121322.pdf\">statement (pdf)<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Musk is no longer the world\u2019s richest person:<\/strong> Tech b\u2019naire Elon Musk\u2019s spot as the world\u2019s richest person was overtaken by Bernard Arnault, the chief executive of fashion giant LVMH, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-13\/elon-musk-loses-title-as-world-s-richest-person-to-lvmh-s-bernard-arnault?srnd=premium-uk&sref=mmeFTDW1\">Bloomberg<\/a> reported. Musk, whose fortune was once estimated at USD 340 bn, saw his wealth drop by over USD 100 bn since the start of the year to USD 163.1 bn, partly due to his <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a24e0122-fc30-49bf-8663-41298d621ddc\">controversial USD 44 bn acquisition<\/a> of Twitter. Arnault\u2019s fortune is estimated at USD 170.6 bn.<\/p>\n<p><strong>Golden Globe nominations are out: <\/strong>Tragicomedy firm <a href=\"https:\/\/www.imdb.com\/title\/tt11813216\/\">The Banshees of Inisherin<\/a> led Golden Globe nominations for 2023 with eight nominations with sci-fi fable <a href=\"https:\/\/www.imdb.com\/title\/tt6710474\/\">Everything Everywhere All at Once<\/a> coming second with six nominations. There were five nods each for Steven Spielberg\u2019s <a href=\"https:\/\/www.imdb.com\/title\/tt14208870\/\">The Fabelmans<\/a>, <a href=\"https:\/\/www.imdb.com\/title\/tt10640346\/\">Babylon<\/a>, and Baz Luhrmann\u2019s <a href=\"https:\/\/www.imdb.com\/title\/tt3704428\/\">Elvis<\/a>. Catch the full list of nominations <a href=\"https:\/\/www.goldenglobes.com\/articles\/golden-globes-2023-nominations-80th-golden-globes-have-been-announced\">here<\/a>. The award show is scheduled to take place on Wednesday, 11 January.<\/p>\n<p><strong>WhatsApp could walk away from the UK over proposed law:<\/strong> WhatsApp is threatening to shut down the messaging app in the UK if the British parliament passes proposed anti-encryption laws, Meta\u2019s head of WhatsApp Will Cathcart told <a href=\"https:\/\/www.telegraph.co.uk\/business\/2022\/12\/10\/whatsapp-raises-threat-uk-shutdown-encryption-row\/\">The Telegraph<\/a>. The proposed law would require \u201ccommunication providers to take away end-to-end encryption,\u201d a key feature of WhatsApp\u2019s messaging platform, Cathcart said. \u201cThe hard reality is we offer a global product. It would be a very hard decision for us to make a change where 100% of our users lower their security.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elon-musk\/\">Elon Musk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ftx\/\">FTX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sam-bankman-fried\/\">Sam Bankman-Fried<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580229\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"580229\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/580229\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580229\" class=\"content-area-description single-story post-580229 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.palmhillsdevelopments.com\/en-us\/home'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580230\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"580230\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/a-dark-adaptation-of-the-already-dark-pinocchio\/\">\r\n                            A dark adaptation of the already-dark Pinocchio                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/a-dark-adaptation-of-the-already-dark-pinocchio\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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When the wooden puppet comes to life, he is oblivious to just how peculiar his ability to walk and talk is and how strange it is that Pinocchio and Sebastian, the talking cricket (played by Ewan McGregor), start going out into the world and exploring. The story takes a turn when Pinocchio is kidnapped from school and convinced to join a traveling circus and then taken to a fascist training camp. While not exactly for kids, this fantasy-horror version is definitely the only one of the three Pinochio versions released in 2022 worth watching. If you\u2019re taken by the stop motion, <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81639893\">Guillermo del Toro's Pinocchio: Handcarved Cinema<\/a> takes you behind the scenes, diving into animation techniques and the making of the movie.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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                      <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/what-the-markets-are-doing-on-14-december-2022\/\">\r\n                            What the markets are doing on 14 December, 2022                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/what-the-markets-are-doing-on-14-december-2022\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n   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category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose 1.5% at today\u2019s close<\/strong> on turnover of EGP 3.86 bn (167% above the 90-day average). Local investors were net buyers. The index is up 28.7% YTD.<\/p>\n<p><strong>In the green: <\/strong>GB Auto (+9.6%), Ezz Steel (+6.9%) and Oriental Weavers (+6.6%).<\/p>\n<p><strong>In the red: <\/strong>Eastern Company (-4.0%), Sidi Kerir Petrochemicals (-3.0%) and Abu Qir Fertilizers (-2.6%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580237\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"580237\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">ART<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/say-hello-to-2023s-color-of-the-year-viva-magenta\/\">\r\n                            Say hello to 2023\u2019s Color of the Year: Viva Magenta                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/say-hello-to-2023s-color-of-the-year-viva-magenta\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Generated by a data-fed AI program fuelled by PCI\u2019s color anthologists\u2019 trend analysis, the pinkish-purplish-reddish tone is \u201can unconventional shade for an unconventional time.\u201d The color reflects the state of global culture at a given moment in time \u2014 a color through which to represent and express what society is looking for, according to PCI Vice President Laurie Pressman.<\/p>\n<p><strong>Interestingly, it\u2019s an entirely fabricated color: <\/strong>As a color magenta does not exist on its own, it\u2019s made up of a natural fading of red and purple that the brain averages out \u2014 and in Viva Magenta\u2019s case it was AI-created as PCIs creatives were unable to find the perfect shade. But Viva Magenta is a departure from the course. Artist and author of Chromophobia, <a href=\"https:\/\/www.theguardian.com\/lifeandstyle\/2022\/may\/25\/greige-color-paint-popular-interior-decorating-design\">David Batechlor<\/a>, notes a history of western aversion to bright colors, which are seen to be primitive or infantile, as well as riskier choices during times of recession, reports <a href=\"https:\/\/www.businessinsider.com\/millennial-pink-gen-z-yellow-very-peri-orchid-flower-generational-colors-2022-1\">Business Insider<\/a>. Apple has long accommodated these tendencies, manufacturing an aesthetic of cool, metallic colors and materials all with clean lines. Goethe, who believed that lurid and garish colors were for children and animals while muted tones were for sophisticated adults, would have approved.<\/p>\n<p><strong>The psychology of color: <\/strong>Color can link emotion to human behavior, as Johann Goethe\u2019s <a href=\"https:\/\/www.themarginalian.org\/2012\/08\/17\/goethe-theory-of-colours\/\">Theory of Colors first explored,<\/a> linking the way colors can impact and express human emotions, behaviors and character traits: Red, Goethe wrote, is beautiful, rational and imaginative, while green is useful, intellectual and sensual. Psychologist Robert Plutchik\u2019s <a href=\"https:\/\/www.berkeleywellbeing.com\/emotion-wheel.html\">Wheel of Emotion<\/a> took this further, connecting the development of the strength of an emotion to the intensity of a color shade \u2014 a light sky blue might suggest pensiveness, but dark navy indicates grief.<\/p>\n<p><strong>But can a color capture a global zeitgeist?<\/strong> Looking at Viva Magenta, its hot pinkish-purplish tones evoke urgency, playfulness and rebellion \u2014 and it\u2019s glaringly unavoidable. Sat somewhere between blue and red on the color wheel, it is a hybrid that withstands boxes. Is it compromising then, asks the <a href=\"https:\/\/www.nytimes.com\/2022\/12\/01\/style\/viva-magenta-pantone-color.html\">New York Times<\/a>, or politically optimistic? Does its name, Viva Magenta, or the immersive exhibition that accompanied its reveal, \u201cthe Magentaverse,\u201d nod to Mark Zuckerberg\u2019s Metaverse? Or are we to draw parallels between the birth of magenta \u2014 named after 1859s Battle of Magenta when the color was worn in a symbol of support of Italy\u2019s fight for independence \u2014 and the creation of Viva Magenta in a year which has witnessed Ukraine\u2019s war against Russia?<\/p>\n<p><strong>Selling potential: <\/strong>Viva Magenta does not just represent a (potentially generalized) global desire for upheaval. It is also here to sell. A 2006 study, <a href=\"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/00251740610673332\/full\/html\">The Impact of Color in Marketing<\/a>, found that 90% of customers\u2019 product decisions are based on color alone. These findings echo Swiss psychiatrist <a href=\"https:\/\/ethos3.com\/the-history-of-color-psychology\/#:~:text=One%20prominent%20researcher%20in%20the,recover%20from%20trauma%20or%20distress.\">Carl Jung\u2019s claim<\/a> that \u201ccolors are the mother tongue of the subconscious.\u201d And colors on the red end of the color scale have been proven to instigate impulsive purchases. It\u2019s no surprise that the team behind PCI\u2019s Color of the Year, Pressman and Leatrice Eiseman, are two students of color psychology.<\/p>\n<p><strong>The Viva Magenta Brand:<\/strong> Already the face of two brand agreements (<a href=\"https:\/\/www.pantone.com\/color-of-the-year\/2023\/collaborations\/motorola\">Motorola<\/a> and <a href=\"https:\/\/www.pantone.com\/color-of-the-year\/2023\/collaborations\/cariuma\">Cariuma<\/a>) and a host of products (mugs, key chains, postcards), the choice of Viva Magenta has clear ties to its ability to influence global marketing and branding strategies \u2014 as does the foundation of the Color of the Year. Look carefully and you can already see the color\u2019s selling power. On Instagram interior design profiles, the vibrancy of Viva Magenta stands out in polar opposite to the current proliferation of Elephant\u2019s Breath painted walls, a warm mid-gray color produced by Farrow and Ball, that has also been referred to as \u201cgreige.\u201d While greige is an \u201cunambitious, anodyne aesthetic,\u201d as Batchelor wrote in <a href=\"https:\/\/www.theguardian.com\/lifeandstyle\/2022\/may\/25\/greige-color-paint-popular-interior-decorating-design\">the Guardian<\/a>, the vivacity of Viva Magenta is inescapable and has a clear ability to catch the eye and sell. The <a href=\"https:\/\/www.nytimes.com\/2022\/12\/01\/style\/viva-magenta-pantone-color.html\">NYT<\/a> pinpoints TikTok\u2019s \u201cfollow\u201d and \u201cupload\u201d buttons \u2014 which are both a Viva Magenta Color \u2014 while celebrities like Lewis Hamilton, Kate Middleton and Harry Styles have all been spotted decked out in VM shades.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pantone-color-institute\/\">Pantone Color Institute<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/psychology\/\">psychology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580239\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/580239\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580239\" class=\"content-area-description single-story post-580239 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>NOVEMBER<\/strong><\/p>\n<p>20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>13-15 December (Tuesday-Thursday): US-Africa Leaders Summit.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>16 December (Friday): IMF executive board to discuss Egypt\u2019s EFF request.<\/p>\n<p>19-20 December (Monday-Tuesday): The Arab Administrative Development Organization\u2019s<a href=\"https:\/\/www.arado.org\/Activity\/Details?Id=537954\">conference on Modern Methods in Hospital Management<\/a>, Cairo.<\/p>\n<p>20 December (Tuesday): EGX-listed Pachin will <a href=\"https:\/\/ent.news\/2022\/11\/Pachin-general-assembly.pdf\">brief shareholders<\/a> on offers received to acquire the company in an ordinary general assembly.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>25 December (Sunday): Senate back in session.<\/p>\n<p>December: Egypt to <a href=\"https:\/\/bit.ly\/3bVoWYy\">expand Sudan electricity link capacity<\/a> to 300 MW.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/p>\n<p>1 January (Sunday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>1 January (Sunday): Residential electricity bills are set to rise as per the government\u2019s <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89-%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%AE%D9%85%D8%B3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-9-6-2020-1.pdf\">six-year roadmap (pdf)<\/a> to restructure electricity prices by 2025.<\/p>\n<p>7 January (Saturday): Coptic Christmas.<\/p>\n<p>24 January-6 February: Cairo International Book Fair, Egypt International Exhibition Center<\/p>\n<p>25 January (Wednesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>26 January (Thursday): President El Sisi will visit India as <a href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/35927\/Chief_Guest_at_Indias_Republic_Day_Celebrations_2023\">\u201cchief guest\u201d at celebrations<\/a>to mark the 74th anniversary of Indian independence.<\/p>\n<p>26 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>30 January-1 February (Monday-Wednesday): CI Capital\u2019s Annual MENA Investor Conference 2023, Cairo, Egypt.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>11 February (Saturday): Second semester of 2022-2023 academic year begins for public universities.<\/p>\n<p>13-15 February (Monday-Wednesday): The <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show (Egyps)<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>23-27 February (Thursday-Monday): Annual Business Women of Egypt\u2019s Women for Success conference.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>March: 4Q2022 earnings season.<\/p>\n<p>23 March (Wednesday): First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT.<\/p>\n<p><strong>APRIL 2023<\/strong><\/p>\n<p>1 April (Saturday): Deadline for banks to establish sustainability unit.<\/p>\n<p>17 April (Monday): Sham El Nessim.<\/p>\n<p>22 April (Saturday): Eid El Fitr (TBC).<\/p>\n<p>25 April (Tuesday): Sinai Liberation Day.<\/p>\n<p>27 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC).<\/p>\n<p>30 April (Sunday): Deadline for self-employed to register for e-invoicing.<\/p>\n<p>Late April \u2013 15 May: 1Q2023 earnings season.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1 May (Monday): Labor Day.<\/p>\n<p>4 May (Thursday): National holiday in observance of Labor Day (TBC).<\/p>\n<p>22-26 May (Monday-Friday): Egypt <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-group-concludes-annual-meetings-governors-endorse-banks-vision-next-10-years-51974#:~:text=The%20new%20Board%20of%20Governors,from%2022%2D26%20May%202023.\">will host<\/a> the African Development Bank (AfDB) annual meetings in Sharm El Sheikh.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>10 June (Saturday): Thanaweya Amma examinations <a href=\"https:\/\/moe.gov.eg\/what-s-on\/news\/dates-for-the-exams\/\">begin<\/a>.<\/p>\n<p>19-21 June (Monday-Wednesday): Egypt Infrastructure and Water Expo <a href=\"https:\/\/ent.news\/2022\/9\/Announcement__EGYPT_INFRASTRUCTURE_AND_WATER_EXPO_LAUNCHES_JUNE_2023.pdf\">debuts<\/a> at the Egypt International Exhibition Center.<\/p>\n<p>28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).<\/p>\n<p>30 June (Friday): June 30 Revolution Day.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>18 July (Tuesday): Islamic New Year.<\/p>\n<p>20 July (Thursday): National holiday in observance of Islamic New Year (TBC).<\/p>\n<p>23 July (Sunday): Revolution Day.<\/p>\n<p>27 July (Thursday): National holiday in observance of Revolution Day.<\/p>\n<p>Late July-14 August: 2Q2023 earnings season.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p>28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>6 October (Friday): Armed Forces Day.<\/p>\n<p>Late October-14 November: 3Q2023 earnings season.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>2H 2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H 2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H 2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q 2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>3Q 2022: Swvl to close <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">acquisition of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Urbvan<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Mobility<\/a>.<\/p>\n<p>End of December\/early January: SFE\u2019s pre-IPO fund <a href=\"https:\/\/www.alborsaanews.com\/2022\/11\/20\/1599698\">to kick off<\/a>roadshow.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q 2022: Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia to launch their fintech company.<\/p>\n<p>4Q 2022: Saudi Arabia\u2019s Jamjoom Pharma to <a href=\"https:\/\/bit.ly\/3R7SGzP\">inaugurate its EGP 1 bn pharma factory<\/a> in El Obour.<\/p>\n<p>End of 2022: Decent Life first phase scheduled for completion.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p>1Q 2023: Adnoc Distribution\u2019s acquisition of 50% of TotalEnergies Egypt to close.<\/p>\n<p>1Q 2023: Internal trade database to <a href=\"https:\/\/hapijournal.com\/?p=212185\">launch<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":580223,"template":"","categories":[],"tags":[],"class_list":["post-580222","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1b0b828f-9ea9-4e9d-926c-fe2006ecaebb","teaser":"","photo_url":"https:\/\/ent.news\/2022\/12\/708.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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